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The Indian rupee logged its best day in more than two weeks on Monday, aided by likely portfolio inflows into local equities while a key technical resistance near its year-to-date peak limited the currency s rally.

TVS Motor Q4 results: TVS Motor Company reported a 76% YoY increase in Q4FY25 net profit, reaching Rs 852 crore. Revenue grew by 17%, with a strong sequential growth in both profit and topline. EBITDA hit a record high, driven by strong sales.

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UltraTech Cement Q4FY25: UltraTech Cement announced a dividend of Rs 77.50 per share alongside its Q4FY25 results, which showed a 10% YoY profit growth and 13% revenue rise. Key segments like ReadyMix Concrete and overseas business performed strongly.

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Angel One s Derivatives Analyst, Sneha Seth, suggests a bullish outlook, highlighting potential in PNB with targets at Rs 105-109, supported by a strong chart structure and a Rs 98.5 stop loss. Tata Power also exhibits strength, poised for an upswing towards Rs 410-415, with a Rs 392 stop loss. Seth sees overall strength in Nifty and Nifty Bank.

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Reliance Industries reported a 6.4% increase in its March-quarter net profit, driven by strong performances in its oil-to-chemicals and consumer-facing businesses. Jio Platforms saw a 25.7% rise in net profit, fueled by tariff hikes and subscriber growth. RIL s board has approved raising ₹25,000 crore through NCDs and acquiring Kandla GHA Transmission Ltd.

Forex reserves hit six-month high of $686 billion

Updated at : 2025-04-27 00:40:02

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India s foreign exchange reserves have surged for the seventh consecutive week, reaching $686 billion as of April 18, marking a six-month high. The increase of $8.3 billion during the week was driven by appreciation in non-dollar assets, rising gold prices, and increased foreign investor inflows into the equity market.

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IREDA has accused Gensol Engineering s promoters of violating their agreement. The violation involves diluting shareholding without IREDA s consent. IREDA has lodged a complaint with the Economic Offences Wing. This action follows an internal review prompted by recent developments at Gensol. IREDA s committees are reviewing the matter. They will decide on actions regarding collaterals and recoveries.

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A new 10-year government bond is likely to be introduced on May 2. The existing benchmark paper has a residual maturity of 9.5 years. Heightened tensions between India and Pakistan may increase government borrowing costs. The 10-year paper is actively traded and serves as a reference rate for corporate bonds.

Maruti Q4 profit misses estimates, expenses a drag

Updated at : 2025-04-27 00:40:02

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Maruti Suzuki s Q4 profit dipped by 4.3%, missing estimates, despite higher revenue. Expenses increased during the quarter. However, the company achieved a record annual profit. Maruti Suzuki sold a record number of vehicles this quarter. Domestic sales saw modest growth, while exports rose. The company anticipates export growth to drive future performance.

Jio Platforms reported a 26% increase in fiscal fourth-quarter net profit, driven by tariff hikes and a growing subscriber base. The company s ARPU saw a slight rise, though it still lags behind Bharti Airtel. Jio gained 6.1 million users, expanding its total base to 488.2 million, with overall revenue and profit for fiscal year 2025 also showing significant growth.

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